UNION BUDGET 2020
Context: Finance Minister Smt. Nirmala Sitharaman, while presenting the Union Budget on February, 1st 2020, unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long term measures.
- The Union Budget has been structured on the overall theme of “Ease of Living.”
- This has been achieved by farmer friendly initiatives such as Agriculture credit target of Rs 15 lakh crore for 2020-21
- Schemes of “Kisan Rail” and “Krishi Udaan” for a seamless national cold supply chain for perishables.
- Expansion of PM-KUSUM to provide 20 lakh farmers for setting up stand-alone solar pumps.
- The Budget proposes more than 20,000 empanelled hospitals under PM Jan Arogya Yojana for poor people
- And expansion of Jan Aushadhi Kendra Scheme to all districts offering 2000 medicines and 300 surgicals by 2024.
- Infrastructure receives a boost, with 100 more airports by2024 to support Udaan scheme
- And operation of 150 passenger trains to be done through PPP mode.
- Starting apprenticeship embedded courses through 150 higher educational institutions by March 2021
- A proposal to establish Indian Institute of Heritage and Conservation are some of the other major highlights.
UNION BUDGET AIMS
- To achieve seamless delivery of services through Digital governance
- To improve physical quality of life through National Infrastructure Pipeline
- Risk mitigation through Disaster Resilience
- Social security through Pension and Insurance penetration.
THREE PROMINENT THEMES
- Aspirational Indiain which all sections of the society seek better standards of living, with access to health, education and better jobs.
- Economic developmentfor all, indicated in the Prime Minister’s exhortation of “SabkaSaath, SabkaVikas, SabkaVishwas”.
- Caring Societythat is both humane and compassionate, where Antyodaya is an article of faith.
THREE BROAD THEMES ARE HELD TOGETHER BY
- Corruption free – policy-driven good governance
- Clean and sound financial sector.
3 COMPONENTS OF ASPIRATIONAL INDIA
- a) Agriculture, Irrigation and Rural Development
- b) Wellness, Water and Sanitation
- c) Education and Skills
AGRICULTURE, IRRIGATION AND RURAL DEVELOPMENT
- More than Rs 2.83 lakh crore would be spent on Agriculture, Rural Development, Irrigation and allied activities as farmers and rural poor continue to remain the key focus of the Government.
- Comprehensive measures for one hundred water stressed districts, proposal to expand PM-KUSUM
- In Horticulture sector with focus on “one product one district” for better marketing and export
- On the Blue Economy, raising of fish production to 200 lakh tonnes is proposed by 2022-23.
WELLNESS, WATER AND SANITATION
- Rs 69,000 crore is being provided for Health care including Rs 6400 crores for Prime Minister Jan ArogyaYojana (PMJAY). Setting up hospitals in the PPP mode mainly in Aspirational Districts, using machine learning and AI, in the Ayushman Bharat scheme
- TB Harega Desh Jeetega” campaign to end Tuberculosis by 2025, expansion of Jan Aushadhi Kendra Scheme to all districts offering 2000 medicines and 300 surgicals by 2024 are some of the other wellness measures in the Budget.
- On sanitation front, Government is committed to ODF Plus in order to sustain ODF behaviour .
EDUCATION AND SKILLS
- New Education Policy will be announced soon.
- About 150 higher educational institutions will start apprenticeship embedded degree/diploma courses by March 2021.
- Under its “Study in India” programme, an Ind-SAT is proposed to be held in Asian and African countries.
- A National Police University and a National Forensic Science University are being proposed in the domain of policing science, forensic science, cyber-forensics etc.
- It is proposed that special bridge courses be designed by the Ministries of Health, Skill Development.
Discuss the themes and aims of the union
Budget-2020 (15 marks)